Latest news with #TON
Time of India
10 minutes ago
- Business
- Time of India
Telegram introduces built-in crypto wallet, bringing its users into mainstream blockchain
The Open Network (TON) is a decentralised, layer-1 blockchain platform developed by the Telegram team, led by the Durov brothers, to create a highly scalable and user-friendly blockchain ecosystem integrated with the Telegram app. Tired of too many ads? Remove Ads Global messaging giant Telegram has launched its integrated TON Wallet to its users, beginning the roll out for its US Open Network (TON) is a decentralised, layer-1 blockchain platform developed by the Telegram team, led by the Durov brothers, to create a highly scalable and user-friendly blockchain ecosystem integrated with the Telegram the new feature, American users can send, receive and manage cryptocurrencies, including Toncoin (TON), USDT, Bitcoin, and other tokens directly inside the Telegram app, without any additional downloads or browser makes Telegram the first mass-market social app in the US to offer a self-custodial crypto of the key features include instant peer-to-peer crypto transfers within Telegram chats, token swaps, staking and built-in trading tools, zero-fee crypto purchases via Apple Pay, Google Pay, or cards, and access to TON's expanding ecosystem of decentralised 'Mini Apps'.
Yahoo
4 hours ago
- Business
- Yahoo
Telegram's crypto wallet launches in the US
Telegram is expanding access to its crypto wallet for its 87 million users in the U.S. The TON wallet, named because it is built on the TON blockchain, is integrated directly into the Telegram app. By existing within the app, Telegram's crypto wallet is supposed to form an easier onramp for new crypto users. Telegram has offered crypto wallets to international users since 2023, though it was unable to roll out in the US until now due to regulatory uncertainty. Telegram says more than 100 million global users activated their wallets last year, which is about 10% of Telegram's 1 billion active users. Public data shows that about 334,000 transactions are processed on the TON blockchain per day. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
4 hours ago
- Business
- Business Insider
STON.fi brings seamless self-custodial DeFi to U.S. Telegram users
the leading swap dApp and foundational DeFi protocol suite on The Open Network (TON), powers swaps in one of the TON's largest wallets — TON Wallet — now available to users in the United States. This milestone brings a streamlined, self-custodial crypto experience to nearly 87 million U.S. Telegram users, marking a major leap in accessibility for decentralized finance in the U.S. market. With this pioneering in the United States, U.S. users now have multiple seamless ways to access swaps — whether directly through TON Wallet, or via the dApp. The Telegram-native integration removes friction, making self-custodial DeFi as intuitive as opening a chat. "This integration represents a significant step toward mainstream cryptocurrency adoption," said Slavik Baranov, CEO of Dev. "By bringing swapping services directly into one of the most widely adopted TON wallets, we're removing the traditional friction points that have long kept everyday users from accessing decentralized finance. Now, anyone can use crypto as easily as sending a message." presence inside TON Wallet is powered by the decentralized liquidity aggregator — Omniston. By routing through multiple liquidity sources, the protocol ensures users receive optimal swap rates without the complexity traditionally associated with DeFi. Omniston simplifies both liquidity access and distribution for developers, applications, and liquidity providers, ensuring end users receive the best available rates — all through a unified integration. dominance in the TON ecosystem further validates the significance of this rollout. The platform is the number one DeFi protocol on TON by unique active wallets, accounting for ~80% of traders on the network. With more than $6 billion in total volume, 5.5 million users, and 27 million operations since launch, is leading the way toward broader DeFi adoption. expansion into the United States marks a strategic milestone in its mission to make decentralized finance universally accessible. As cross-chain functionality approaches, this launch positions the protocol — and its growing global user base — at the forefront of the next wave of interoperable DeFi. About is the leading swap dApp and a suite of swap-enabling protocols on TON Blockchain, recognized for its high token variety, deep liquidity, dominance in total value locked (TVL) and trading volume. With over $6 billion in total trading volume and more than 27 million operations, it has become the backbone of TON's DeFi ecosystem. integrates with TON wallets, supports all TON-based tokens, and enables token swaps, liquidity provision, staking, and yield farming. continues to advance DeFi through community governance, open development, and ongoing innovation. Central to this effort is Omniston — a decentralized liquidity aggregation protocol that powers swaps in leading TON-based wallets and will enable cross-chain swaps across multiple blockchains without the need for bridges or wrapped assets. Contact PR Lead
TechCrunch
5 hours ago
- Business
- TechCrunch
Telegram's crypto wallet launches in the US
Telegram is expanding access to its crypto wallet for its 87 million users in the U.S. The TON wallet, named because it is built on the TON blockchain, is integrated directly into the Telegram app. By existing within the app, Telegram's crypto wallet is supposed to form an easier onramp for new crypto users. Telegram has offered crypto wallets to international users since 2023, though it was unable to roll out in the US until now due to regulatory uncertainty. Telegram says more than 100 million global users activated their wallets last year, which is about 10% of Telegram's 1 billion active users. Public data shows that about 334,000 transactions are processed on the TON blockchain per day.
CNBC
5 hours ago
- Business
- CNBC
Telegram's crypto wallet goes live to its 87 million U.S. users
Telegram users in the U.S. can now send, receive, and manage cryptocurrency directly inside the app — no downloads, extensions, or separate logins required. TON Wallet is built into Telegram's interface and is beginning its U.S. rollout this week. It is a self-custodial crypto wallet in which a user controls their own private keys. The service, developed by The Open Platform, which is known as TOP, and built on the TON blockchain, allows users to send stablecoins and other digital tokens to their contacts as easily as sending a message. The company says it's the first time a self-custodial crypto wallet has been embedded into a mainstream messaging platform in the U.S. market. The wallet has already seen broad international adoption, with more than 100 million users globally having activated their wallets in 2024. The U.S. launch had been delayed amid regulatory uncertainty. Andrew Rogozov, CEO of TOP, said that began to shift over the past year. "We started considering the U.S. as a more interesting opportunity for us," Rogozov told CNBC, citing a shift in regulatory conditions and Telegram's user growth. He said there are a lot of crypto users on the platform, and described the wallet as "the fundamental part of this infrastructure," giving users a way to store assets and interact with Telegram's growing ecosystem of Mini Apps. "Our goal, our mission here, is to remove as much friction as possible," Rogozov said. "And this is basically what crypto is trying to solve, especially at the global scale, by removing all the borders." A split-key backup system — one part tied to the user's Telegram account and another to their email — allows for self-custody while simplifying onboarding. "No need to download the wallet, no need to remember the seed phrase," he added. "This is how we simplify the whole thing." TON Wallet supports peer-to-peer transfers, swaps between tokens, staking to earn yield, and zero-fee crypto purchases through a partnership with MoonPay. It also provides on- and off-ramps via debit cards and connects to decentralized apps inside Telegram's "Mini Apps." Telegram formally distanced itself from the TON blockchain after abandoning its own crypto token effort in 2020 under SEC pressure. In the years since, it has continued to integrate TON-based features such as tokenized usernames, stickers, and emojis, and has publicly supported Fragment, a collectibles marketplace built on TON. TON Wallet's expansion into the U.S. could increase competition for platforms like Cash App and Coinbase, particularly if Telegram's crypto-enabled ecosystem gains traction with mainstream users. For now, the wallet avoids directly offering regulated financial services, instead partnering with licensed providers like MoonPay for on- and off-ramps.
